Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Oil Slumps as UK Plans to Move S.Africa, Others to ‘Red List’ Oil prices in Asia edged down on fears surrounding the South African coronavirus variant, which has sent a wave of selling through Asian energy markets. United Kingdom (U.K) plans to move the country to its red list, according to the health authority. On Friday, tightening demand for Crude oil keep prices downward as concern mounted that demand could be hit after a highly transmissible variant of COVID-19 was discovered in South Africa and details emerged regarding the planned Strategic Petroleum Reserve release. West Texas Intermediate futures plunged 6.8%…

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